Mn Services Vermogensbeheer B.V. Lowers Stock Holdings in The Interpublic Group of Companies, Inc. (NYSE:IPG)

Mn Services Vermogensbeheer B.V. decreased its position in shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 151,000 shares of the business services provider’s stock after selling 3,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Interpublic Group of Companies were worth $4,393,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Voisard Asset Management Group Inc. purchased a new stake in Interpublic Group of Companies in the 4th quarter worth $31,000. Headlands Technologies LLC purchased a new stake in Interpublic Group of Companies in the 1st quarter worth $42,000. Salomon & Ludwin LLC lifted its stake in Interpublic Group of Companies by 2,024.6% in the 1st quarter. Salomon & Ludwin LLC now owns 1,296 shares of the business services provider’s stock worth $42,000 after purchasing an additional 1,235 shares in the last quarter. Assetmark Inc. lifted its stake in Interpublic Group of Companies by 27.5% in the 4th quarter. Assetmark Inc. now owns 1,706 shares of the business services provider’s stock worth $56,000 after purchasing an additional 368 shares in the last quarter. Finally, Quarry LP lifted its stake in Interpublic Group of Companies by 26.0% in the 4th quarter. Quarry LP now owns 2,052 shares of the business services provider’s stock worth $67,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Up 1.7 %

NYSE:IPG traded up $0.54 during mid-day trading on Friday, hitting $32.20. 2,067,562 shares of the stock traded hands, compared to its average volume of 3,935,891. The stock has a market capitalization of $12.15 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 3.29 and a beta of 1.12. The Interpublic Group of Companies, Inc. has a 52 week low of $27.20 and a 52 week high of $35.17. The firm’s 50 day moving average is $29.98 and its two-hundred day moving average is $31.01. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. On average, equities research analysts predict that The Interpublic Group of Companies, Inc. will post 2.8 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.10%. Interpublic Group of Companies’s payout ratio is 46.98%.

Analyst Ratings Changes

Several analysts have commented on IPG shares. Bank of America decreased their price target on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Barclays decreased their price target on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Macquarie reduced their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.13.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.